The company was fined for abuse of its monopolistic position at the gas transit market

Ukraine’s Anti-Monopoly Committee fined Russian energy company Gazprom for USD 3.4 bn. The reason is Russian company’s abuse of its position at the gas transit market, where Russia uses gas pipelines running through the Ukraine territory.

“We just made the decision that Gazprom Company abuses its monopolistic position at the market of gas transit by cross-country pipelines through the territory of Ukraine. The sum of the fine equals UAH 85 billion (USD 3.4 bn)”, he wrote.

He added that the Committee demands that Gazprom brings conditions of the gas transit through Ukraine to an economically justified level. The company should also bring its activity to accordance with the law on economic competitiveness”, Terentiev posted.

As 112 International previously reported, Gazprom has no intentions to extend the gas transit contract with Ukraine after 2019. Later, Ukraine’s state-run company Naftogaz said that several EU companies were ready to transit gas through Ukraine’s territory.